Navigators Group (NAVG) quarterly cash flow statement covering the six quarters from December 2017 to March 2019, as reported to the SEC.
A cash flow statement shows the cash that actually came in and went out, split between running the business, investing and financing.
| Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||||||||||||
Net Income (Loss) | |||||||||||||||||||||
-1,738 | -33,368 | 4,625 | 32,104 | 30,878 | 26,861 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Income (Loss) | -1,738 | -33,368 | 4,625 | 32,104 | 30,878 | 26,861 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities: | |||||||||||||||||||||
Depreciation & Amortization | |||||||||||||||||||||
1,248 | 893 | 1,204 | 771 | 807 | 59 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Depreciation & Amortization | 1,248 | 893 | 1,204 | 771 | 807 | 59 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of Finite-Lived Intangible Assets | |||||||||||||||||||||
324 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of Finite-Lived Intangible Assets | 324 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Share-Based Compensation | |||||||||||||||||||||
2,294 | -627 | 1,442 | 4,985 | 986 | 5,469 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Share-Based Compensation | 2,294 | -627 | 1,442 | 4,985 | 986 | 5,469 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred Income Taxes | |||||||||||||||||||||
1,798 | -13,504 | -126 | -731 | -5 | 5,041 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred Income Taxes | 1,798 | -13,504 | -126 | -731 | -5 | 5,041 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total Net Realized and Unrealized (Gains) Losses | |||||||||||||||||||||
27,162 | -34,015 | 2,563 | 3,116 | -2,012 | 37,141 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total Net Realized and Unrealized (Gains) Losses | 27,162 | -34,015 | 2,563 | 3,116 | -2,012 | 37,141 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Other-Than-Temporary Impairments Recognized in Earnings | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Other-Than-Temporary Impairments Recognized in Earnings | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Changes in Assets and Liabilities: | |||||||||||||||||||||
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses | |||||||||||||||||||||
25,738 | 55,892 | -10,891 | 3,605 | -9,382 | -20,387 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance Recoverable on Paid and Unpaid Losses and Loss Adjustment Expenses | 25,738 | 55,892 | -10,891 | 3,605 | -9,382 | -20,387 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reserves for Losses and Loss Adjustment Expenses | |||||||||||||||||||||
66,190 | 111,967 | 59,284 | 21,214 | 6,353 | -26,839 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reserves for Losses and Loss Adjustment Expenses | 66,190 | 111,967 | 59,284 | 21,214 | 6,353 | -26,839 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid Reinsurance Premiums | |||||||||||||||||||||
4,478 | -8,828 | -4,147 | 8,392 | 237 | -2,629 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid Reinsurance Premiums | 4,478 | -8,828 | -4,147 | 8,392 | 237 | -2,629 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned Premiums | |||||||||||||||||||||
88,976 | -25,489 | 2,409 | 57,106 | 70,755 | -3,014 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned Premiums | 88,976 | -25,489 | 2,409 | 57,106 | 70,755 | -3,014 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Premiums Receivable | |||||||||||||||||||||
69,570 | -8,661 | -66,357 | 44,923 | 61,403 | -3,950 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premiums Receivable | 69,570 | -8,661 | -66,357 | 44,923 | 61,403 | -3,950 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred Policy Acquisition Costs | |||||||||||||||||||||
13,368 | -3,285 | 4,263 | 5,663 | 16,328 | 587 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred Policy Acquisition Costs | 13,368 | -3,285 | 4,263 | 5,663 | 16,328 | 587 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued Investment Income | |||||||||||||||||||||
1,614 | 199 | 1,708 | -442 | 1,247 | -966 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued Investment Income | 1,614 | 199 | 1,708 | -442 | 1,247 | -966 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance Balances Payable | |||||||||||||||||||||
19,132 | -2,161 | 14,825 | 3,679 | -7,468 | 8,304 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance Balances Payable | 19,132 | -2,161 | 14,825 | 3,679 | -7,468 | 8,304 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts payable | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current Income Tax Receivable, Net | |||||||||||||||||||||
-1,627 | -23,339 | 795 | 11,121 | -6,251 | -29,039 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current Income Tax Receivable, Net | -1,627 | -23,339 | 795 | 11,121 | -6,251 | -29,039 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other | |||||||||||||||||||||
7,021 | -14,844 | -28,639 | -4,208 | 4,973 | -7,468 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other | 7,021 | -14,844 | -28,639 | -4,208 | 4,973 | -7,468 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Cash Provided by Operating Activities | |||||||||||||||||||||
30,900 | 75,249 | 184,368 | 46,958 | 35,763 | 42,592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Cash Provided by Operating Activities | 30,900 | 75,249 | 184,368 | 46,958 | 35,763 | 42,592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investing Activities: | |||||||||||||||||||||
Fixed Maturities | |||||||||||||||||||||
Redemptions and Maturities | |||||||||||||||||||||
71,665 | 76,735 | 82,701 | 83,064 | 175,867 | 139,996 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Redemptions and Maturities | 71,665 | 76,735 | 82,701 | 83,064 | 175,867 | 139,996 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Sales | |||||||||||||||||||||
83,768 | 12,481 | 74,024 | 161,715 | 110,089 | 33,545 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales | 83,768 | 12,481 | 74,024 | 161,715 | 110,089 | 33,545 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases | |||||||||||||||||||||
174,872 | 191,127 | 196,913 | 253,597 | 246,359 | 448,519 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases | 174,872 | 191,127 | 196,913 | 253,597 | 246,359 | 448,519 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity Securities | |||||||||||||||||||||
Sales | |||||||||||||||||||||
9,579 | 1,329 | 4,531 | 13,768 | 14,989 | 148,165 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Sales | 9,579 | 1,329 | 4,531 | 13,768 | 14,989 | 148,165 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Purchases | |||||||||||||||||||||
1,991 | 4,663 | 45,664 | 39,620 | 36,799 | 1,325 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchases | 1,991 | 4,663 | 45,664 | 39,620 | 36,799 | 1,325 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Sales and Purchases of Other Invested Assets | |||||||||||||||||||||
4,039 | 6,167 | 4,339 | 4,006 | 4,585 | -12,920 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Sales and Purchases of Other Invested Assets | 4,039 | 6,167 | 4,339 | 4,006 | 4,585 | -12,920 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Sales, Maturities and Purchases of Short-Term Investments | |||||||||||||||||||||
-907 | 3,352 | 859 | -10 | -22 | -3,039 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Sales, Maturities and Purchases of Short-Term Investments | -907 | 3,352 | 859 | -10 | -22 | -3,039 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Change in Unsettled Security Transactions | |||||||||||||||||||||
-11,051 | 16,900 | 28,769 | -21,894 | -21,581 | 19,626 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Change in Unsettled Security Transactions | -11,051 | 16,900 | 28,769 | -21,894 | -21,581 | 19,626 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in Net Payable for Securities | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in Net Payable for Securities | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Change in Short-Term Investments | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Change in Short-Term Investments | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Purchase of Property and Equipment | |||||||||||||||||||||
1,111 | 1,363 | 3,641 | 2,691 | 1,150 | 825 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Purchase of Property and Equipment | 1,111 | 1,363 | 3,641 | 2,691 | 1,150 | 825 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Cash Provided by (Used in) Investing Activities | |||||||||||||||||||||
-5,043 | -133,027 | -118,929 | -41,846 | 33,655 | -132,630 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Cash Provided by (Used in) Investing Activities | -5,043 | -133,027 | -118,929 | -41,846 | 33,655 | -132,630 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Financing Activities: | |||||||||||||||||||||
Purchase of treasury stock | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Purchase of treasury stock | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds from Employee Stock Purchase Plan | |||||||||||||||||||||
- | 500 | 539 | 517 | 452 | -213 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds from Employee Stock Purchase Plan | - | 500 | 539 | 517 | 452 | -213 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Proceeds of Stock Issued from Exercise of Stock Options | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Proceeds of Stock Issued from Exercise of Stock Options | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payment of Employee Tax Withholding on Stock Compensation | |||||||||||||||||||||
6,829 | 389 | 281 | 2,278 | 5,508 | 52 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payment of Employee Tax Withholding on Stock Compensation | 6,829 | 389 | 281 | 2,278 | 5,508 | 52 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends Paid | |||||||||||||||||||||
2,087 | 2,085 | 2,083 | 2,082 | 2,069 | 1,771 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends Paid | 2,087 | 2,085 | 2,083 | 2,082 | 2,069 | 1,771 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Cash Used in Financing Activities | |||||||||||||||||||||
-8,916 | -1,974 | -1,825 | -3,843 | -7,125 | -2,036 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Cash Used in Financing Activities | -8,916 | -1,974 | -1,825 | -3,843 | -7,125 | -2,036 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Effect of Exchange Rate on Unrestricted and Restricted Cash and Cash Equivalents | |||||||||||||||||||||
2,080 | 282 | -5,346 | -2,046 | 2,876 | 363 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Effect of Exchange Rate on Unrestricted and Restricted Cash and Cash Equivalents | 2,080 | 282 | -5,346 | -2,046 | 2,876 | 363 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Change in Unrestricted and Restricted Cash and Cash Equivalents | |||||||||||||||||||||
19,021 | -59,470 | 58,268 | -777 | 65,169 | -91,711 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Change in Unrestricted and Restricted Cash and Cash Equivalents | 19,021 | -59,470 | 58,268 | -777 | 65,169 | -91,711 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Supplemental Information: | |||||||||||||||||||||
Income Taxes Paid, Net | |||||||||||||||||||||
115 | -1,513 | 3,586 | 19,055 | 294 | -188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income Taxes Paid, Net | 115 | -1,513 | 3,586 | 19,055 | 294 | -188 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest Paid | |||||||||||||||||||||
- | 7,619 | - | 7,619 | - | 7,619 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest Paid | - | 7,619 | - | 7,619 | - | 7,619 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Issuance of Stock to Directors | |||||||||||||||||||||
745 | - | - | - | 783 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Issuance of Stock to Directors | 745 | - | - | - | 783 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||